Yeti Analyst Quiet Period Ends Just in Time for the Holidays
- Shares have dropped 6% since Oct. 24 IPO vs S&P 500 up 2%
- Will analysts put the maker of $300 coolers on their buy list?
Shoppers browse backpacks on display for sale at the Yeti Holdings Inc. flagship store in Austin, Texas.
Photographer: Sergio Flores/BloombergYeti Holdings Inc., the maker of pricey, durable coolers and beverage holders, among other outdoorsy gear and apparel, may get a chance to rebound from a sluggish debut on Wall Street as a round of sell-side analysts likely weigh in with their opinions of the company and its stock.
On Nov. 19, initiations are likely to be published by lead underwriters Bank of America Corp., Morgan Stanley and Jefferies Financial Group Inc. as the quiet period expires for analysts. Banks that manage an initial public offering tend to be more bullish on a company’s prospects. Other banks that had a hand in taking the Austin, Texas-based company public include Baird, Piper Jaffray, Citigroup, Goldman Sachs & Co., KeyBanc Capital Markets, William Blair, Raymond James, Stifel and Academy Securities.